If I (or Romney) tripled or quadrupled the Federal income taxes paid
by the poorest 45% of the population they would still pay no taxes...
0 x 4 (or any other number) = ZERO
Why can't you come to terms with that?? A full half of the US
population pays NO Federal income tax.
On Apr 5, 3:31 pm, Tommy News <tommysn...@gmail.com> wrote:
> GAME ON: Mr. 1 Percent, Revealed
> Apr 5, 2012 | By ThinkProgress War Room
>
> Mitt Romney, Part 1: Of, By, and For the 1 Percent
> No matter how hard he shakes his Etch A Sketch over the next seven
> months, Mitt Romney won't be able to erase the fact the he and his
> policies are of, by, and for the wealthiest one percent of Americans —
> policies that will come at the expense of the other 99 Percent.
>
> Here's the rundown on millionaire Mitt Romney, Mr. 1 Percent.
>
> Millionaire Mitt Romney Would Slash Taxes for the 1 Percent, Raise
> Them on the Poorest Americans
> Romney's first tax plan was bad enough. It proposed $6.6 TRILLION in
> tax cuts, heavily weighted toward the wealthy and corporations. Each
> of the Koch Brothers alone would net at least $8.7 BILLION from just
> one part of the plan. It cut Romney's own taxes nearly in half, but
> raised taxes on nearly half of middle class families with children.
>
> Romney's current tax plan is even worse. It cuts taxes on the
> wealthiest Americans another 20 percent on top of the Bush tax cuts —
> that's an additional $264,000 tax cut for each and every one of the
> wealthiest 0.1 percent of Americans. In total, each of the wealthiest
> 0.1 percent of Americans would get more than a $1.1 MILLION annual tax
> cut under the Romney plan. Shockingly, the poorest 20 percent of
> Americans would actually receive a tax increase under Romney's plan.
>
> By any objective measure, the plan — which is four times costlier than
> the Bush tax cuts — would add TRILLIONS (around $10 TRILLION in total)
> to the deficit, despite ending Medicare, slashing Social Security, and
> implementing draconian cuts to everything else except defense spending
> in order to offset some of the cost of trillions in tax giveaways to
> the wealthy.
>
> Millionaire Mitt Romney Gives up His Medicare, Wants to End it For
> Everyone Else
> Mitt Romney recently turned 65, but he declined to enroll in Medicare
> because he says he can afford his own health care. Unfortunately,
> Romney thinks the rest of us can afford to pay more for our own health
> care as well. His plan to end Medicare as we know it would not only
> eliminate the guarantee of Medicare benefits, it would shift thousands
> of dollars in annual health care costs off the government's books and
> onto seniors. The Republican budget plan that Romney eagerly embraced
> doesn't reduce health care costs, it just doubles the costs of the tab
> seniors have to pay each year.
>
> Millionaire Mitt Romney's Campaign Complains About His $100 Million
> Retirement Account, Wants to Slash Social Security for Everyone Else
> Through special deals available to only an elite few in the
> already-elite financial industry, Mitt Romney was able to amass an
> Individual Retirement Account worth $100 MILLION. (The average working
> person in their sixties has $144,000 in their 401k.) While most people
> would be very, very glad to have $100 MILLION socked away, a Romney
> campaign official actually complained to the Wall Street Journal that
> all of this money had created a "tax problem" for Romney, adding, "Who
> wants to have $100 million in an IRA?"
>
> The "problem," according to the Romney campaign, is that Romney will
> have to pay regular income rates on this money when he withdraws it,
> rather than the ultra-low 13.9 percent tax rate he currently pays
> thanks to various unfair tax loopholes. Romney's tax plan, of course,
> would help solve the "problem" of him having to pay his fair share by
> slashing income tax rates on the wealthiest Americans by another 20
> percent on top of keeping the Bush tax cuts for the wealthy.
>
> Meanwhile, Romney's fiscal plan would slash Social Security by
> hundreds of billions of dollars, resulting in dramatic benefit cuts
> for those who can least afford it.
>
> Millionaire Mitt Romney Amassed His Quarter-Billion Dollar Fortune by
> Closing Factories, Laying Off Thousands of Workers
> As has been well-publicized during the primary, Romney amassed his
> quarter-billion dollar fortune through his work at Bain Capital. Under
> Romney's leadership, Bain walked away with billions in profits while
> workers were often left with nothing after Bain closed their factory
> or bankrupted their company.
>
> Romney's confidentiality agreements with Bain allow him to hide where
> much of his fortune is currently invested, though we do know he's
> profited from companies in China (including those involved in the
> government's extensive surveillance apparatus) and from banks
> foreclosing on homeowners. We also know that he's socked away some of
> his fortune in a range of notorious tax havens like the Cayman Islands
> and, until recently, had a previously undisclosed Swiss bank account.
>
> Millionaire Mitt Romney Uses Special Tax Loopholes to Pay a Lower Tax
> Rate Than Millions of Middle Class Workers
> Romney kept his tax returns hidden for the better part of two decades
> and when he finally released just one year's worth of full returns
> (breaking with the precedent set by his own father, just one
> additional year will be released in two weeks), it was clear why he'd
> kept them under wraps.
>
> Romney takes advantage of a variety of unfair tax loopholes, including
> some available only to hedge fund and private equity manages, to pay
> the shockingly low tax rate of just 13.9 percent — a rate lower than
> that of millions of middle class workers. For example, a typical
> worker making $60,000 in wages in 2011 would have paid a tax rate of
> 29.9 percent — more than double that of Romney's.
>
> Naturally, Romney strongly opposes the Buffett Rule — a plan the
> Senate will vote on in two weeks that guarantees that millionaires
> like Mitt Romney and the billionaires bankrolling his campaign pay a
> minimum tax rate of 30 percent. Romney dismissed the Buffett Rule as
> "class warfare" and told the 99 Percent to stop being jealous, as
> wealth and income inequality are only to be discussed in "quiet
> rooms."
>
> IN ONE SENTENCE: Millionaire Mitt Romney and his policies are of, by,
> and for the wealthiest 1 Percent.
>
> More:
> ThinkProgress.org
>
> --
> Together, we can change the world, one mind at a time.
> Have a great day,
> Tommy
>
> --
> Together, we can change the world, one mind at a time.
> Have a great day,
> Tommy
--
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